Shareholders also elected the following candidates to
the Company's Auditing committee:

Gorevoy Dmitry
Michailovich, Lead Adviser of the Department, Ministry of Economic
Development and Trade of the Russian Federation;

Kolyada Andrey
Sergeevich, Deputy Head of section, Rosimushchestvo;

Litvinova Elena
Yurievna, Senior Specialist, Rosimushchestvo;

Tikhonova Maria
Gennadyevna, Director of the Department, Ministry of Energy of the Russian
Federation;

Yugov Alexander
Sergeevich, Deputy Head of section, Rosimushchestvo.

***

The AGM approved the appointment of HLB Vneshaudit as
the auditor to audit RusHydro's 2011 financial statements under Russian
accounting standards.

***

The AGM resolved to pay remuneration to members of the
Board of Directors for the period from June 30th, 2010 to June 30th, 2011 in
accordance with the Regulations on Remuneration of the Board of Directors of
RusHydro.

***

The AGM resolved that RusHydro has the right to place
additional 100,000,000,000 uncertified registered ordinary shares with a par
value of RUB 1 per share for a total amount of RUB 100,000,000,000 (authorized
shares).

***

The AGM approved the increase of the Company's charter
capital by placing additional registered ordinary shares for a total of
89,000,000,000 shares with a par value of RUB 1 each. The placement should be
conducted via open subscription. Shares can be paid with cash or non-cash
assets. The following of non-cash assets will be accepted as payment for
RusHydro shares:

The AGM approved the Company's amended Articles of
Association. A new version of the Articles of Association was developed in
light of the most recent changes in Russian laws on Joint Stock Companies with
a focus on securing the rights and lawful interests of corporate shareholders.
In particular, the new version of the Charter contemplates a reduced dividend
payment period (from 120 to 60 days after the decision is made), a change in
the postal code and updating the definition of the Board of Directors'
competencies, the possibility to hold shareholders' meetings at the Company's
branches locations.

***

The AGM approved the amended Regulations on convening
of the Board of Directors meetings.

***

The AGM approved the transaction to purchase of Inter
RAO UES from addition issue payable by OGK-1 shares held by RusHydro.

***

Shareholders also approved the exchange agreement for
RusHydro and Irkutskenergo shares concluded between RusHydro and Inter RAO UES
qualified as an interested-party transaction.

Under this transaction, RusHydro shall exchange
29,998,136,646 ordinary registered uncertified shares with a par value of RUB 1
per share for 1,906,723,080 ordinary registered shares of Irkutskenergo with a
par value of RUB 1 held by INTER RAO UES. The exchange rate is 15.7328229571753
RusHydro shares for 1 share of Irkutskenergo.

***

The AGM also approved a number of related-party
transactions to be concluded between the Company and JSC VTB Bank. Among them:

-
approval of the agreement/related agreements of deposit of cash assets;

-
approval of the transaction/related transactions to established the
minimum required surplus of cash assets on bank account(s);

-
approval of the agreement/related agreements to issue the bank
guarantee;

-
approval of the agreement/related agreements for letter of credit;

-
approval of the agreement/related agreements to provide the remote
banking services.

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The information in this press release may contain
projections or other forward-looking statements regarding future events or the
future financial performance of RusHydro. You can identify forward looking
statements by terms such as "expect," "believe,"
"anticipate," "estimate," "intend," "will,"
"could," "may" or "might," the negative of such
terms or other similar expressions. We wish to caution you that these
statements are only predictions and that actual events or results may differ
materially from these statements. We do not intend to update these statements
to reflect events and circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events. Many factors could cause the
actual results to differ materially from those contained in our projections or
forward-looking statements, including, among others, general economic
conditions, our competitive environment, risks associated with operating in
Russia, rapid technological and market change in our industries, as well as
many other risks specifically related to RusHydro and its operations.